Insurance companies specializing in jewelry can safeguard your valuables from various threats, including loss, damage, and theft. Fine jewelry is often only covered to a limited extent by homeowner's and renter's insurance, even though both policies give some coverage for the item. We compared the top jewelry insurance providers based on the following criteria: comprehensive coverage for typical losses, low or no deductibles, adjustable coverage limits, and inexpensive rates. Using this guidance, you'll be able to choose the service provider that best meets your requirements.

Jewelers' Mutual Insurance Company

Jewelers Mutual is the finest jewelry insurance provider overall because it has more than one hundred years of expertise insuring jewels like Engagement Ring, provides coverage for all of the main dangers, and offers fully customized coverage with no deductibles. Because Jewelers Mutual has a solid reputation in the jewelry business, we decided to go with them as our top pick for the finest jewelry insurance company overall. Jewelers Mutual has been in operation continuously since 1913 and receives support from prominent groups such as the American Gem Society and Jewelers of America.

Chubb

Chubb provides extensive coverage for heritage jewelry, including market value rise coverage. This kind of coverage enhances your policy limits if your older heirloom jewelry increases in value over time. Chubb is the best choice for jewelry insurance if you have valuable heirloom pieces in your collection. Not only does the firm provide high coverage limits and no necessary deductible, but each insurance also comes with unique protection that may be useful for protecting older items handed down from generation to generation.

If you file a claim, Chubb will pay up to 150% of the newly determined value of your heirloom items if your policy includes market rise protection. This protection is included in every jewelry insurance policy offered by Chubb. In addition, your belongings are protected up to the agreed-upon value, and if you suffer a loss, you will get cash compensation equal to the full amount of the coverage. Appraisals are only necessary if the total value of your items is more than one hundred thousand dollars.

BriteCo

BriteCo provides complete coverage for engagement rings and wedding bands, preventive maintenance, and repairs, which may help your wedding jewelry survive for decades. This coverage can be found on their website. When it comes to insurance for wedding jewelry, BriteCo comes highly recommended by us. BriteCo provides customizable coverage for typical dangers, like damage, theft, and loss, with zero deductibles. Depending on your preference, this policy may be purchased to insure a diamond engagement ring or a platinum wedding band. BriteCo offers preventative maintenance and repairs exclusively for wedding bands, making this one of the most distinctive aspects of the brand.

GemShield

GemShield will pay to either repair or replace any of your fine jewelry that becomes lost or damaged due to an accident. The protection is offered on an all-risk basis, which indicates that the vast majority of potential sources of loss are covered. Accidents are always a possibility when you wear beautiful jewelry regularly. We highly suggest GemShield for accidental coverage because their plans are underwritten on an all-risk basis and protect your belongings against the majority of potential causes of loss, such as theft and disappearance. Additionally, it contributes to the coverage of the costs of repairs and replacements.

Berkley Asset Protection is a branch of Berkley National Insurance Company, which is responsible for underwriting the insurance offered by GemShield. Most plans charge a premium that ranges from 1% to 2% of the item's value, with a minimum payment of $20. The maximum amount paid out under the insurance is $100,000, with a restriction of $35,000 for any jewelry item. Nevertheless, depending on the item and its worth, you may be eligible for greater coverage limits. There is a range of $0 to $1,000 for deductibles.

Lavalier

Since Lavalier provides large coverage limits for most jewelry categories, they are an excellent choice for those who own pricey jewelry pieces. Additionally, you can work with your jeweler for any necessary repairs. Because the firm provides adaptable plans with high coverage limits, we deemed Lavalier the finest jewelry insurance provider for complete coverage and thus made our selection. In addition, plans safeguard your work on an all-risk basis, which means that they cover most losses, such as theft, damage, and unexpected disappearance, no matter where they occur.

Underwriting the policies of Lavalier is Berkley Asset Protection, which is also the company that offers insurance for GemShield. You may get insurance for up to $50,000 worth of individual products and up to $150,000 worth of combined items. In addition, the possibilities for the deductible are highly varied, ranging anywhere from zero to ten thousand dollars. Premiums often cost between one and two percent of the item's value.